Rev Growth YoY and FWD are 50 and 23% respectively and 307 and 167% above the sector respectively while PE GAAP TTM and FWD are 71 and 65% below sector! This implies a huge discount in growth. Gross Profit does lag behind the sector by about 12%, but the valuation combined with the outsized growth substantially off-sets this disparity. On a technical note,...
I firmly believe the Dow transports are an important leading metric to identifying the overall strength in the economy. Since the highs in Feb, transports have not participated in the rally to the upside. What this tells me under the hood of this economy we are seeing weakness.
FedEx Corporation ( NYSE:FDX ) Sector: Transportation (Air Freight/Couriers) Market Capitalization: $57.955B Current Price: $223.61 Breakout price: $231.00 Buy Zone (Top/Bottom Range): $219.70-$198.80 Price Target: $270.00-$276.80 Estimated Duration to Target: 266-278d Contract of Interest: $FDX 1/20/23 220c Trade price as of publish date: $27.06/contract
We ripped her down, let's see if we can't rip her back up! This is of course, my favorite market-leading indicator.
Potential H&S in FEDEX (mid long term) First target 180 then 150 Keep unloading
Dow Theory Sell Signal is Active. __________________________________________________________ The Primary Global Index used for Confirmation: The Baltic Dry Index has collapsed from 5829 to 1764. The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The...
Industrial stock APG is showing a potential weekly breakout as infrastructure looms. The bill's passage hangs in the balance however this company can still be good for the patient investor with an ESG mindset. Good luck trader!
Bespoke Research firm says "Prior to the digital revolution that began in the 1990s, the Dow Transports were viewed as a “leading” indicator for the broader stock market. In the digital age, there’s hardly an industry group that doesn’t rely on semiconductors in one way or another. A modern car can easily have more than 3,000 chips. We view the semiconductor group...
Little late to the party on this one. Starting in May 2021 the transports started to diverge from broad market indices. Over the last two weeks that divergence has reversed a bit, but worth keeping an eye on this.
100+ Container Ships off Long Beach. A clear build there, who owns that port? China.
KNX is setting up here with a really nice long term base, cracked the 50 level last week. Was that the level it needed to make another move higher? Time will tell. Following IYT as well and the possibility of it bottoming, if it does, we should see significantly higher prices here
$GOGO getting a pop today one day after the White House announced mask mandates through the holiday season, should we buy the news or will this be a holiday humbug?
The combination of RUT and DTX has created a rising wedge. Price has broken down out of the wedge. These two indices are known to lead the broader market, so their topping in early June is interesting. Price topped in coordination with an RSI divergence before breaking down from the lower trendline of the wedge. This seems to have a good chance of going...
Bullish divergence at bottom of channel. Possible run to start on false #DeltaVariant fears? $TRAN $IYT $JETS $AAL $UAL $DAL $LUV $FDX $EXPE $BA $SPY $ES_F $VIX $DIA $DJI #Stocks #Transports 🛫
I have been following many charts and patterns for quite some time. and The set up for an entire market melt down is almost too perfect right now. and I will go through the list of events that have taken place: First lets start with Gold. Gold had rallied on the back of lower yields for the better part of 2 months all to just get shot down during the FOMC...
sell premiums short terms for both call and put side
XPO Logistics has calmly sat above its old highs for the last four months, and now the chart may be poised for a run. First, notice the series of higher lows since January 29. Also notice how quickly it’s rebounded from drops – similar to CSX . Second, XPO’s 21-day exponential moving average (EMA) has risen above its 50-day simple moving average (SMA). This is...
Good luck for your trades. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.